CAPE GIRARDEAU, Mo., June 27, 2013 – The Southeast Missouri State University Board of Regents today changed the name of the Missouri Research Corporation to the Missouri Innovation Corporation (MIC), appointed directors to the MIC’s board and established the Institute for Environmental Health Assessment and Patient-Centered Outcomes within the structure.
Missouri Innovation Corporation
Kathy Mangels, vice president for finance and administration, said the name change is warranted because activity of the corporation has developed into more entrepreneurial and economic development activity, as opposed to traditional sponsored program activity which is more easily administered through the processes and systems in place at the University. Because new opportunities may be available to University personnel for contracts with governmental agencies and the private sector, the original purpose of the corporation needs to be amended to remove specific reference to “research,” she said.
The Missouri Research Corporation was created in November 2003 to provide a separate entity to expand the sponsored research activity of the University and develop partnerships with business, industry and government.
The Regents today also amended the Articles of Incorporation and bylaws of the MIC to reflect the name change. The Amended and Restated Bylaws were approved by the MIC Board of Directors June 13 and will now be filed with the Missouri Secretary of State’s Office, Mangels said.
Institute for Environmental Health Assessment and Patient-Centered Outcomes, LLC
Within the new MIC, the Regents today established the Institute for Environmental Health Assessment and Patient-Centered Outcomes, LLC. The Institute will be a wholly-owned limited liability company of the MIC and will provide the legal structure to contract and bill for services from organizations interested in an expansion of asthma and health-related work done by Dr. John Kraemer, professor of biology and environmental science and director of the University’s Center for Environmental Analysis. Kraemer has completed research and training in the region on asthma management through the identification and management of environmental triggers. Kraemer’s work has received recognition and interest nationally from governmental and private sector health care organizations.
The MIC Board of Directors approved the establishment of the corporation June 13. Appropriate paperwork to establish the corporation will now be filed with the Missouri Secretary of State’s Office.
Missouri Innovation Corporation Board of Directors
In related action, the Regents today also approved the appointment of directors to the Missouri Innovation Corporation. Bylaws of the MIC allow for a minimum of three directors and a maximum of nine directors. The MIC Board currently has three members, two with terms ending in October. An expanded Board will allow for a more representative body of the University’s service region and leverage the expertise and energy of the new members to expand services to innovators and entrepreneurs in our communities, said Dr. James Stapleton, assistant to the president for Strategic and Entrepreneurial Initiatives, executive director of the Douglas C. Greene Center for Innovation and Entrepreneurship (CIE) and associate professor of entrepreneurship at Southeast Missouri State University.
New MIC Board directors appointed to one-year terms ending in October 2014 are:
Steven Kurtz, president of Mineral Area College in Park Hills, Mo., whose term will begin in October
Scott Meyer, Cape Girardeau city manager, whose term will begin in October
Chauncey Buchheit, director of the Southeast Missouri RPEDC in Perryville, Mo., whose term will begin in July
Appointed to two-year terms ending in October 2015 are:
Dawn Dauer, president of Bank of Missouri-Cape Girardeau
David Hitt, alderman on the Jackson Board of Alderman and MAGNET Board of Directors-Jackson
Appointed to three-year terms ending in October 2016 are:
Gordon Waller, president and chief executive officer of 1st State Bank and Trust, Caruthersville, Mo.
Alan Keenan, president of Regency Wire Company, Sikeston, Mo.
Dennis Vinson, president and chief executive officer of Signature Packaging, Jackson, Mo.
Current Board members are John Mehner, Moe Sandfort and Scott Blank. Stapleton said Kurtz and Meyer will begin serving on the Board when Sandfort’s and Mehner’s terms end in October. All other directors will begin serving their terms immediately.